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UK EV builder Lunaz attracts star investor David Beckham

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UK-based Lunaz upcycles and converts legacy vehicles to EVs, using a proprietary electric powertrain. The company has big plans for growth, and recently secured funding from a group of high-profile investors, including soccer star David Beckham, who has taken a 10% stake in the company.

Beckham’s expertise extends to more than just bending it on the football pitch. His investment company has successfully backed a number of startups in the eSports and athletic recovery sectors.

Lunaz, which is headquartered in Silverstone, a hotspot for advanced automotive technology, has earned critical acclaim for its electric conversions of Range Rover, Bentley, Rolls-Royce and Jaguar sports cars. Now the company plans to widen its scope to the electrification of industrial vehicles on a mass global scale, beginning with heavy-duty vehicles such as refuse trucks. The company will also offer its modular powertrain as a turnkey, white-label product for OEMs and other vehicle builders.

Lunaz says its remanufacturing and electrification process will extend the life of up to 70% of the existing weight and embedded carbon within a vehicle, and can save fleet operators significant costs compared with buying new vehicles. According to the company, a municipal authority could save more than 43% on the total cost of ownership of an upcycled and electrified refuse truck versus replacing its existing fleet with new EVs.

“The upcycling of existing passenger, industrial and commercial vehicles presents a sustainable alternative to replacing with new,” said David Lorenz, founder and CEO of Lunaz. “Our approach will save fleet operators capital while dramatically reducing waste in the global drive towards de-carbonisation.”

“Lunaz represents the very best of British ingenuity in both technology and design,” says David Beckham. “I was drawn to the company through their work restoring some of the most beautiful classic cars through upcycling and electrification.”

Source: Lunaz

This article was originally published by Chargedevs.com. Read the original article here.
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